Jones Capital is pleased to announce the sale of Portabull Fuel Services, LLC (“Portabull Fuel”) to CR Fuels, a leading provider of wholesale fuels across the Southeastern United States.
Since 2010, Portabull Fuel has been providing fuel management solutions for various heavy construction, pipeline, and renewable projects across 22 states. The company’s fleet of state-of-the-art mobile fueling tanks, and advanced technology for fuel accounting and on-site security, includes some of the most innovative and functional portable fueling systems in the equipment rental market.
Jones Capital extends its gratitude to the Portabull team for their dedication and performance during our ownership. We are pleased to have found in CR Fuels a buyer who recognizes the value of Portabull Fuels' operations and is committed to its continued success.
The transaction was facilitated with Butler Snow serving as legal counsel to the sellers.
ABOUT PORTABULL FUEL
Portabull Fuel, based in Purvis, Mississippi, is a leading mobile fuel management company operating across 22 states. Specializing in heavy construction, pipeline, and renewable energy projects, Portabull provides advanced fueling solutions with a large fleet of mobile tanks and cutting-edge technology for fuel accounting and security.
ABOUT CR FUELS
Founded in 2018 in Hattiesburg, Mississippi, CR Fuels is a partnership between Rogers Oil Company of Columbia, Inc. and Chancellor, Inc. with fuel and lubricant operations in Hattiesburg, Laurel, and Sardis in Mississippi, along with Bryan, Waco, West, Madisonville, and Clifton in Texas.
ABOUT JONES CAPITAL
Jones Capital (Jones) began as a family business with a simple mission: to help communities, provide jobs and enhance lives. Today, with locations in Houston, TX and Hattiesburg, MS, Jones carries on that mission by being a growth-oriented, value-added capital partner to businesses and management teams that share our common values and vision for long-term, sustainable growth that benefits all stakeholders – customers, communities, employees, and shareholders. For more information, please visit https://jones.com/.
Jones Capital
Jones Capital : Jun 3, 2024 4:33:46 PM
